Dubai Internet City Launches Phase 4 Innovation Hub

TECOM Group PJSC, the company behind Dubai’s most successful business districts, has announced the launch of Phase 4 of the Innovation Hub in Dubai Internet City. This new phase is being developed to meet the fast-growing demand for high-quality office spaces from global technology companies and other modern industries.

With a gross leasable area (GLA) of 263,000 square feet and an investment of AED 615 million, the project shows TECOM Group’s continued commitment to expanding Dubai’s role as a digital and innovation-driven economy. When added to earlier phases, TECOM Group’s total investment in the Innovation Hub will now reach AED 2 billion, making it one of the largest technology infrastructure projects in the region.

Previous Phases Fully Leased Ahead of Completion

The launch of Phase 4 comes after major success with previous phases:

• Phase 3 was fully leased even before its completion date in 2027

• Phase 2 is already complete and fully rented to Fortune 500 companies and top global digital firms

• Phase 1 remains a core part of the project and continues to host major tech companies like Google and Gartner

This strong demand shows that multinational companies trust Dubai Internet City as a base for their Middle East operations.

Grade-A Offices to Meet Rising Demand

Phase 4 will add new Grade-A office spaces, which will help TECOM Group serve both new and existing companies. The project is expected to be completed in 2028.

The demand for such office spaces is growing due to several national and regional strategies, including:

• UAE Digital Economy Strategy

• Dubai Economic Agenda D33

Both plans aim to make Dubai a top global tech and innovation centre.

CEO Comments on Growth and Strategy

Abdulla Belhoul, CEO of TECOM Group PJSC, said the launch of Phase 4 reflects the Group’s goal to support advanced industries in the UAE.

He highlighted that Dubai’s business-friendly environment and forward-looking strategies attract investors and innovators from around the world.

He also said that TECOM Group is financially strong, with healthy liquidity, and is ready to take advantage of positive market conditions. The company plans to keep expanding into high-growth sectors to deliver long-term value for its shareholders.

Self-Financed Development and Strong Financial Results

TECOM Group will fund this development using its existing internal resources. By doing so, it aims to keep its debt and liquidity in a strong position.

The announcement also follows the Group’s strong nine-month financial performance in 2025:

• Revenues exceeded AED 2.1 billion

• This reflects a 20% year-on-year growth

• Net profit passed AED 1.1 billion

• Net profit increased 18% compared to 2024

These results were supported by higher occupancy, increased rental rates, and ongoing expansion of the company’s real estate portfolio.

Dubai Internet City’s Key Role in the Tech Economy

Dubai Internet City, established in 1999, has become the largest technology hub in the region. It hosts a wide range of companies:

• start-ups

• Fortune 500 companies

• multinational firms

Today, it contributes around 65% of Dubai’s technology GDP.

The district offers:

• Grade-A office spaces

• 20 research and innovation centres

• a complete business ecosystem

This ecosystem makes it a major destination for digital economy companies from around the world.

Part of TECOM Group’s Larger Business Network

Dubai Internet City is just one of the specialised business districts under the TECOM Group portfolio. Other districts include:

• Dubai Media City

• Dubai Production City

• Dubai Studio City

• Dubai International Academic City

• Dubai Knowledge Park

• Dubai Science Park

• Dubai Design District (d3)

• Dubai Industrial City

Together, these districts provide a strong infrastructure platform for diverse industries including media, education, science, manufacturing, design, and technology.

TECOM Group’s launch of Phase 4 of the Innovation Hub shows Dubai’s continued growth as a global centre for technology and innovation. The new development will support digital businesses, strengthen Dubai’s economic goals, and increase the capacity for global companies that wish to operate in the region.

With strong financial performance and increasing demand for Grade-A offices, the launch of Phase 4 positions Dubai Internet City for long-term growth and success.